Life insurance is a contract between an insurance company and an individual or group of individuals, in which the insurer promises to pay a sum of money to the insured’s beneficiaries upon the insured’s death.
Life insurance for newlyweds is a specialized type of life insurance designed to meet the needs of newly married couples. It typically provides coverage for both spouses and can be used to replace income, pay off debts, or provide for the financial security of the surviving spouse and any children.
